(Reuters) – India’s Adani Green Energy on Saturday said Saurabh Shah, now deputy chief financial officer of Adani Enterprises, would assume the role of CFO at Adani Green Energy, replacing Phuntsok Wangyal, who will step down effective Sept 30. (This story has been corrected to fix the current position of Shah to deputy chief financial …
Adani Green Energy names Saurabh Shah as new CFO Read More »
(Fixes headline) By Nidhi Verma NEW DELHI (Reuters) -State-run explorer Oil India Ltd hopes to operate its refinery in the northeastern state of Assam at an expanded capacity of 180,000 barrels per day (bpd) in the fiscal year to March 2027, Chairman Ranjit Rath said on Saturday. Oil India’s subsidiary Numaligarh Refinery Ltd (NRL) is …
Oil India aims to operate Numaligarh refinery at 180,000 bpd capacity by 2027 Read More »
By Anushree Ashish Mukherjee and Swati Verma (Reuters) – Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar. Spot gold was trading …
Gold skyrockets as stars align for Fed rate cuts Read More »
By VarunVyas Hebbalalu and Aditi Shah BENGALURU (Reuters) – Ford Motor said on Friday it plans to restart manufacturing at its factory in the southern Indian state of Tamil Nadu, two years after it ended production in India, the world’s third-largest car market. The major U.S. carmaker said it intends to use its shuttered Chennai …
Ford says to restart India production for exports after two-year gap Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -The head of India’s market regulator said on Friday she had complied with all disclosure guidelines issued by the Securities and Exchange Board of India (SEBI), rejecting allegations levelled by the country’s main opposition party and a U.S. short seller about a conflict of interest. “Madhabi has complied with …
India market regulator chief says she complied with all required disclosures Read More »
By Sakshi Dayal NEW DELHI (Reuters) -India’s Supreme Court granted bail on Friday to opposition leader and Delhi Chief Minister Arvind Kejriwal in a graft case, paving the way for his release almost six months after he was arrested. Kejriwal’s release is expected to boost the morale of his decade-old Aam Aadmi Party (AAP) as …
India’s top court grants bail to opposition leader Kejriwal in graft case Read More »
(RPT of story published September 13, 20241:56 PM GMT+8) By Aditya Kalra NEW DELHI (Reuters) -An Indian antitrust investigation has found U.S. e-commerce giant Amazon and Walmart’s Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to reports seen by Reuters. The Competition Commission of India (CCI) in …
India probe finds Amazon, Walmart’s Flipkart breached antitrust laws Read More »
(Reuters) – India’s Adani Group said late on Thursday it has no involvement in any Swiss court proceedings after Hindenburg Research indicated that authorities had frozen more than $310 million of the company’s funds as part of a money laundering and securities forgery investigation. Swiss criminal court records show in detail how an Adani frontman …
Adani Group denies Hindenburg comment on frozen funds in Swiss banks Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy. Spot gold was up 1.7% at $2,554.05 per ounce, as of 02:10 p.m. …
Gold hits all-time high as Fed rate-cut hopes bolster appeal Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) plans to raise 530 billion rupees ($6.31 billion) from the debt market this fiscal year, its top executive told Reuters on Thursday. The bank has already raised 90 billion rupees and the rest will be raised depending on the …
